Warby Parker Inc. (NYSE:WRBY) CFO Sells $274,807.68 in Stock

Warby Parker Inc. (NYSE:WRBY) CFO Steven Clive Miller sold 11,684 shares of Warby Parker stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total transaction of $274,807.68. Following the completion of the transaction, the chief financial officer now owns 204,727 shares of the company’s stock, valued at $4,815,179.04. This trade represents a 5.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Steven Clive Miller also recently made the following trade(s):

• On Wednesday, December 11th, Steven Clive Miller sold 7,016 shares of Warby Parker stock. The shares were sold at an average price of $23.85, for a total transaction of $167,331.60.

Warby Parker Trading Down 2.2 %

Shares of Warby Parker stock opened at $21.10 on Friday. The company has a fifty day simple moving average of $25.36 and a 200-day simple moving average of $21.00. Warby Parker Inc. has a 12-month low of $11.35 and a 12-month high of $28.68. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of -78.15 and a beta of 1.91.

Institutional Trading of Warby Parker

Several institutional investors and hedge funds have recently bought and sold shares of WRBY. Janney Montgomery Scott LLC raised its position in Warby Parker by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company’s stock valued at $782,000 after purchasing an additional 1,556 shares during the last quarter. AIA Group Ltd raised its position in Warby Parker by 12.2% in the 3rd quarter. AIA Group Ltd now owns 182,573 shares of the company’s stock valued at $2,981,000 after purchasing an additional 19,923 shares during the last quarter. TimesSquare Capital Management LLC raised its position in Warby Parker by 12.8% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company’s stock valued at $30,315,000 after purchasing an additional 211,050 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Warby Parker in the 3rd quarter valued at $372,000. Finally, Natixis Advisors LLC raised its position in Warby Parker by 4.7% in the 3rd quarter. Natixis Advisors LLC now owns 466,413 shares of the company’s stock valued at $7,617,000 after purchasing an additional 21,121 shares during the last quarter. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Evercore ISI restated an “in-line” rating and issued a $23.00 price objective on shares of Warby Parker in a report on Friday, January 17th. Roth Mkm started coverage on shares of Warby Parker in a report on Tuesday, February 25th. They set a “neutral” rating and a $26.00 price target for the company. Stifel Nicolaus boosted their price target on shares of Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Citigroup reiterated a “sell” rating and set a $23.00 price target (up previously from $19.00) on shares of Warby Parker in a report on Wednesday, February 5th. Finally, Roth Capital upgraded shares of Warby Parker to a “strong-buy” rating in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.43.

About Warby Parker

Warby Parker Inc provides eyewear products in the United States and Canada. The company offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, non-prescription lenses, and contact lenses. It also provides accessories, such as cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray through its retail stores, website, and mobile apps.